In today's globalised world, the ability to grow and access your wealth across different currencies is crucial for achieving your long-term goals and adapting to life’s changes.

Prosperity Booster Multi-Currency Insurance Plan (“Prosperity Booster Multi-Currency” or the “Plan”), a participating life insurance plan, offers flexibility through a range of currency options so you can make the most out of global opportunities. And as life unfolds and circumstances change, you can switch your Policy currency accordingly, ensuring your finances remain flexible and effective. The Plan also provides you with various legacy planning tools to help you pass on your wealth seamlessly to future generations.

 

Plan Highlights

Plan Highlights
Currency Flexibility

• Leverage multiple currency options to seize global opportunities
• Switch your Policy currency as your circumstances change

Wealth Accumulation

• Build your wealth with long-term growth potential
• Cash out your current gains for extra liquidity

Legacy Planning

• Extend your legacy by changing the Insured Person
• Cover the unforeseen circumstances with Successor Owners and Contingent Insured Persons
• Split your Policy to spread your legacy among your loved ones
• Sustain your legacy with the Flexi Continuation Option

Family Protection

• Support your loved ones with life protection
• Choose the settlement option that matches your plan

Financial Flexibility

• Withdraw ready cash when you need it
• Overcome challenging times with the Premium Holiday option
• Enjoy flexibility with a Grace Period extension

Currency Flexibility
Leverage multiple currency options to seize global opportunities
Build your wealth with Prosperity Booster Multi-Currency and choose the Policy currency from any of these 5 currencies – United States Dollar (USD), Hong Kong Dollar (HKD), British Pound Sterling (GBP), Canadian Dollar (CAD) and Australian Dollar (AUD). This flexibility allows you to achieve your financial goals no matter where life takes you.

Switch your Policy currency as your circumstances change
As you move through life, your financial needs may evolve - whether it is funding your children's overseas education, embarking on a new chapter abroad with your family, or other life goals.

To help you face the future with ease, starting from the 3^rd Policy Anniversary or the Policy Anniversary immediately after all premiums have been due and paid (whichever is later), you can change your Policy currency to another currency (“New Policy Currency”) as listed above through the Currency Change Option¹. The Policy Date of your Policy will remain unchanged after the Policy currency change, while the Surrender Value will be converted to the New Policy Currency at the prevailing exchange rate determined by Fubon Life Insurance (Hong Kong) Company Limited (“Fubon Life Hong Kong”) from time to time, meeting your needs with flexibility.

Wealth Accumulation
Build your wealth with long-term growth potential
Prosperity Booster Multi-Currency maximises your long-term growth potential by providing a Guaranteed Cash Value and non-guaranteed Special Dividend^2,3 on your wealth accumulation journey. You can watch your wealth grow and build a rosy future for you and your family.

Guaranteed Cash Value	Non-guaranteed Special Dividend
Grows steadily under the Policy Payable upon the death of the Insured Person4, Policy surrender or Policy maturity	Available from the 3rd Policy Anniversary (for a 2-year Premium Payment Term) or 5th Policy Anniversary (for a 5-year Premium Payment Term) Payable upon the death of the Insured Person4, Policy surrender or Policy maturity Partially payable upon the exercise of the Special Dividend Cash Out Option

Cash out your current gains for extra liquidity
To realise the current gains from your Special Dividend^2,3, you can exercise the Special Dividend Cash Out Option starting from the 15^th Policy Anniversary. Each time you apply to exercise this option, you can cash out a minimum of 10% (except for the last cash-out) and up to 50% of your Special Dividend as at the approved date of the application, without any reduction in the Nominated Amount under the Policy. You can cash out as many times as you wish as long as the aggregate cash-out percentage is not more than 50%. The future Special Dividend under the Policy will be reduced each time when this option is exercised.

 

Legacy Planning
Extend your legacy by changing the Insured Person
Only the best plans will do for your loved ones. From the 1^st Policy Anniversary onwards, you can exercise the Change of Insured Person Option⁵ as many times as you wish. Changing the Insured Person will change the Policy Term to age 138 of the latest Insured Person while leaving the Policy value unaffected under your Policy. That way, you may extend your wealth accumulation horizon and establish a lasting legacy for your family.

Cover the unforeseen circumstances with Successor Owners and Contingent Insured Persons
You can designate up to 2 Successor Owners⁶ and specify their sequence of succession. In the unfortunate event that the Policyowner passes away or is diagnosed with any Specific Illness⁷, the first Successor Owner in sequence can apply to become the new Policyowner. If the first Successor Owner fails to become the Policyowner, the second in sequence can apply. The new Policyowner will then have access to the rights and benefits under the Policy, ensuring the continuity of your legacy.

Similarly, you can designate up to 2 Contingent Insured Persons⁸ and specify their sequence of succession. In the unfortunate event that the Insured Person passes away, the first Contingent Insured Person in sequence can apply to become the new Insured Person. If the first Contingent Insured Person fails to become the Insured Person, the second in sequence can apply. This prevents Policy termination even if life takes an unexpected turn.

Split your Policy to spread your legacy among your loved ones
You take pride and joy in your growing family. As their numbers increase, you may wish to allocate parts of your legacy to different members. Starting from the 3^rd Policy Anniversary or the Policy Anniversary immediately after all premiums have been due and paid (whichever is later), you may apply to exercise the Policy Split Option by transferring part of the Nominated Amount of your Policy (“Original Policy”) into one or more new Prosperity Booster Multi-Currency Policies (“Split Policy(ies)”) 9, according to percentage(s) specified by you⁹.

Once you have split your Original Policy, you may change the Policy currency and Insured Person of the Split Policy(ies). The Original Policy will remain in force with a Nominated Amount that has been reduced accordingly¹⁰. That way, you can manage your wealth by holding Policies in different currencies, ensuring that your legacy is spread among your family members according to your wishes, so they can look forward to a future filled with opportunities.

Sustain your legacy with the Flexi Continuation Option
If the worst-case scenario happens, you can ensure your loved ones can receive financial support without interrupting your legacy plan. Starting from the 3^rd Policy Anniversary or the Policy Anniversary immediately after all premiums have been due and paid (whichever is later), you can apply for the Flexi Continuation Option. You will also need to designate Contingent Insured Person(s)⁸ during the lifetime of the Insured Person.

If the Insured Person passes away and a Contingent Insured Person is approved to become the new Insured Person, the Policy will remain in force with a Nominated Amount that is reduced according to a percentage specified by you^10,11. Meanwhile, a prorated Death Benefit⁴ that is attributable to the reduced portion of the Nominated Amount will be paid to your designated Beneficiary. That way, you can ensure that your loved ones are protected while your wealth continues to accumulate at the same time.

Family Protection
Support your loved ones with life protection
To support your loved ones beyond your lifetime, the Plan provides life protection up to age 138 of the latest Insured Person. In the unfortunate event that the Insured Person passes away, the Beneficiary will receive a Death Benefit⁴ equal to:

The higher of:
(i) 105% of the total premiums paid and due; or
(ii) Guaranteed Cash Value plus Special Dividend^2,3 (if any)
- Indebtedness¹² (if any)

In case there is any Premium Prepayment Balance¹³ as at the death of the Insured Person, such balance will be paid together with the Death Benefit.

Choose the settlement option that matches your plan
You can choose how the Death Benefit⁴ and Premium Prepayment Balance¹³ (if any) will be paid to the Beneficiary¹⁴. The settlement options include:

Option 1:	A lump-sum payment
Option 2:	Regular payments*,15
Option 3:	Increasing regular payments*,15
Option 4:	A combination of a lump-sum payment and regular payments*,15

Furthermore, starting from the 1^st Policy Anniversary, you can apply to specify a date for when the Death Benefit payment will begin (“Start Date”). If the Insured Person passes away and the death claim is approved before the Start Date, the Death Benefit payment will be deferred until the Start Date and paid according to your chosen Death Benefit Settlement Option. Please refer to the Plan Summary for details of the Death Benefit Settlement Options and Start Date of Death Benefit.

Interest will accrue (i) on the Death Benefit amount for the period between the date the death claim is approved and the Start Date; and (ii) on the balance of any settlement amount that has yet to be paid, at an interest rate to be determined by Fubon Life Hong Kong from time to time. That way, you can spread out the settlement payments according to your plans, providing long-term financial support to your loved ones.

All of the settlement options above apply to the settlement amount upon Policy full surrender or Policy maturity. If Option 2, 3 or 4 is selected as the Surrender Benefit Settlement Option, the Policy must have been in force for a minimum of 5 years prior to full surrender.

^*Options 2, 3 and 4 are applicable to Policies denominated in USD or HKD only

Financial Flexibility
Withdraw ready cash when you need it
In case you need extra cash flow, you may choose to partially surrender the Policy by reducing the Nominated Amount on any Policy Anniversary¹⁰. You can withdraw the prorated Guaranteed Cash Value, Special Dividend^2,3 (if any) and Premium Prepayment Balance¹³ (if any) that are attributable to the reduced portion of the Nominated Amount, less a Surrender Charge¹⁶ (if applicable) and any Indebtedness^12,17. You can request a one-off withdrawal starting from the 1^st Policy Anniversary, or regular withdrawals^#,18,19 over a specified period starting from the 5^th Policy Anniversary.

The partial surrender of the Policy is only available if there is no Premium Holiday²⁰ in effect at the time of application.

^#The regular withdrawals are applicable to Policies denominated in USD or HKD only, and the withdrawal schedule is set on an annual basis.

Overcome challenging times with the Premium Holiday option
Starting from the 2^nd Policy Anniversary, you can apply for a Premium Holiday²⁰ within the Premium Payment Term. This option enables you to suspend your premium payment for up to 3 years while keeping your Policy effective, enabling you to loosen your budget for other needs that may arise.

The Premium Holiday option is available once for Policies with a 5-year Premium Payment Term. During the Premium Holiday Period, the Guaranteed Cash Value will remain unchanged under the Policy²¹.

Enjoy flexibility with a Grace Period extension
Starting from the 2^nd Policy Anniversary, you can also apply for an extension of the Grace Period for a subsequent premium due as and when you need it, provided all premiums due have been paid. This option, which is available for Policies with a 5-year Premium Payment Term, extends the Grace Period from 31 days to 90 days while keeping your Policy effective. You can pay the premiums due by the end of the extended Grace Period, adding extra flexibility to your finances.

Plan Summary

Plan Summary

Issue Age	15 days to age 75 (age last birthday)
Premium Payment Term	2 years / 5 years
Policy Term	Up to age 138 of the latest Insured Person
Policy Currency	HKD / USD / AUD / CAD / GBP
Premium Mode	Monthly / Semi-annual / Annual / Annual with Prepayment13,16 Notes: Monthly and Semi-annual premium modes: Applicable to Policies denominated in USD or HKD only Annual with Prepayment premium mode: Applicable to Policies with a 2-year Premium Payment Term only
Minimum Nominated Amount	HKD100,000 / USD12,500 / AUD16,250 / CAD15,000 / GBP8,750
Premium Prepayment Interest	Guaranteed to be 3.5% p.a. on the Premium Prepayment Balance13 Will be used to settle future premiums
Guaranteed Cash Value	Payable upon the death of the Insured Person4, Policy surrender or Policy maturity
Non-guaranteed Special Dividend2,3	Available from the 3rd Policy Anniversary (for a 2-year Premium Payment Term) / 5th Policy Anniversary (for a 5-year Premium Payment Term) Payable upon the death of the Insured Person4, Policy surrender or Policy maturity Partially payable upon the exercise of the Special Dividend Cash Out Option
Surrender Benefit	Guaranteed Cash Value + Special Dividend2,3 (if any) - Indebtedness12 (if any) In case there is any Premium Prepayment Balance13 as at Policy surrender, such balance less the Surrender Charge16 will also be paid 4 Surrender Benefit Settlement Options are available to choose from: Option 1: A lump-sum payment; Option 2: Regular payments15 made monthly, semi-annually, or annually for 5, 10, 20, or 30 years; Option 3: Increasing regular payments15: The Policyowner can choose a first instalment amount of 5% to 20% of the settlement amount, and the remaining balance will be paid as subsequent regular instalments made monthly, semi-annually or annually until the settlement amount is fully paid. The amount of each subsequent regular instalment(s) of each year (except for the last regular instalment) will increase by 5% of the previous year’s regular instalment amount so as to account for inflation; or Option 4: A combination of a lump-sum payment and regular payments15: A lump-sum payment of not less than 5% of the settlement amount first, and the remaining balance to be paid in regular payments15 made monthly, semi-annually, or annually for 5, 10, 20, or 30 years Options 2, 3 and 4 above are available provided that the Policy is denominated in USD or HKD and has been in force for a minimum of 5 years prior to full surrender
Maturity Benefit	Guaranteed Cash Value + Special Dividend2,3 (if any) -Indebtedness12 (if any) The Surrender Benefit Settlement Options are also applicable to the settlement amount at Policy maturity
Death Benefit4	The higher of: (i)105% of the total premiums paid and due; or (ii) Guaranteed Cash Value plus Special Dividend2,3 (if any) - Indebtedness12 (if any) In case there is any Premium Prepayment Balance13 when the Death Benefit is payable, such balance will be paid together with the Death Benefit 4 Death Benefit Settlement Options are available to choose from: Option 1: A lump-sum payment; Option 2: Regular payments15 made monthly, semi-annually, or annually for 5, 10, 20, or 30 years; Option 3: Increasing regular payments15: The Policyowner can choose a first instalment amount of 5% to 20% of the settlement amount, and the remaining balance will be paid as subsequent regular instalments made monthly, semi-annually or annually until the settlement amount is fully paid. The amount of each subsequent regular instalment(s) of each year (except for the last regular instalment) will increase by 5% of the previous year’s regular instalment amount so as to account for inflation; or Option 4: A combination of a lump-sum payment and regular payments15: A lump-sum payment of not less than 5% of the settlement amount first, and the remaining balance to be paid in regular payments15 made monthly, semi-annually, or annually for 5, 10, 20, or 30 years Options 2, 3 and 4 above are applicable to Policies denominated in USD or HKD only Starting from the 1st Policy Anniversary, Policyowner can apply to specify a date for when the Death Benefit payment will begin (“Start Date”). If the Insured Person passes away and the death claim is approved before the Start Date, the Death Benefit payment will be deferred until the Start Date and paid according to the chosen Death Benefit Settlement Option. The Start Date must be 3 years after and within 30 years from the approval of relevant application. Please refer to the Risk from Deferred Payment of Death Benefit under the Key Product Risks section below for more details If there is no Start Date specified, the death claim is approved after the Start Date, or the Insured Person passes away after the Start Date, the Death Benefit and the Premium Prepayment Balance (if any) will be paid according to the chosen Death Benefit Settlement Option immediately upon approval of the death claim
Application Procedure	No health declaration required22

 

Remarks:

1	Provided there is no Indebtedness or regular reduction in Nominated Amount under the Policy, the Policyowner may apply to exercise the Currency Change Option for changing the current Policy currency to a different currency available for selection. The currency change will be executed by way of converting the existing Policy to the latest plan under the Prosperity Booster Multi-Currency series (the “New Plan”) in the New Policy Currency. The Nominated Amount of the Policy after the currency change (“Converted Policy”) shall not be less than the relevant minimum Nominated Amount requirements. The change of Policy currency shall take effect on the next Policy Anniversary. Upon approval of the application for exercising the Currency Change Option: the Surrender Value and total premiums paid of the Converted Policy will be converted to the New Policy Currency at the prevailing exchange rate determined by Fubon Life Hong Kong from time to time at its absolute discretion; the Nominated Amount of the Converted Policy will be determined based on the Surrender Value of the existing Policy, Guaranteed Cash Value scale and Special Dividend scale of the New Policy Currency under the New Plan; the Guaranteed Cash Value and non-guaranteed Special Dividend of the Converted Policy will be determined according to the Nominated Amount in the New Policy Currency under the New Plan; the existing Policy shall be terminated and converted to the Converted Policy. The Policy Date, Policy Year and Maturity Date of the Converted Policy shall be the same as those before the currency change; the Policyowner, Insured Person, Beneficiary(ies), Successor Owner(s) (if any) and Contingent Insured Person(s) (if any) of the Converted Policy shall be same as the existing Policy; if the Special Dividend Cash Out Option has been exercised under the existing Policy before the currency change, the aggregate cash out percentage shall be recorded in the Converted Policy; the Death Benefit Settlement Option and Start Date (if any) selected by the Policyowner shall be applicable to the Converted Policy. However, if there is a change of Policy Currency from USD or HKD to a non-USD and non-HKD currency, the Death Benefit Settlement Option and Start Date (if any) shall be revoked; and　 all benefits, terms and conditions of the New Plan will apply to the Converted Policy, except there is no Cooling-off Period for the Converted Policy. Once the Currency Change Option is exercised, it cannot be reversed. Please refer to the Risk from Currency Change Option under the Key Product Risks section below and Policy Provisions for more details.
2	Any Indebtedness will be deducted from the non-guaranteed Special Dividend when payable.
3	The Special Dividend is non-guaranteed and shall not be vested in the Policy until the time of payment. Past declarations of the Special Dividend are not an indicator of future declarations. Future declarations of the Special Dividend can be lower or higher than the past declarations and are determined based on the Dividend Philosophy. Please refer to the Dividend Philosophy for the relevant risk factors and details.
4	Upon the death of the Insured Person, the Death Benefit including the non-guaranteed Guaranteed Cash Value and Special Dividend (i) will not be payable if the Contingent Insured Person Option takes effect, but the Flexi Continuation Option does not take effect; or (ii) will be partially payable if the Contingent Insured Person Option and Flexi Continuation Option both take effect.
5	The Policyowner may apply to change the surviving Insured Person starting from the 1st Policy Anniversary. The application shall be effective upon Fubon Life Hong Kong’s approval pursuant to applicable laws and regulations and Fubon Life Hong Kong’s prevailing rules and underwriting requirements in effect from time to time. Please refer to the Policy Provisions for details.
6	The designation of Successor Owner(s) shall be effective upon Fubon Life Hong Kong’s approval. The Successor Owner can apply to become the new Policyowner if the Policyowner passes away or is diagnosed with any one of the Specific Illnesses during the Benefit Period, and the application shall be effective upon Fubon Life Hong Kong’s approval pursuant to applicable laws and regulations and Fubon Life Hong Kong’s prevailing rules in effect from time to time. Please refer to the Policy Provisions for details.
7	The Specific Illnesses include Alzheimer’s Disease, Coma, Loss of Independent Existence and Parkinson’s Disease. Please refer to the Policy Provisions for definitions of the relevant Specific Illnesses.
8	The designation of Contingent Insured Person(s) shall be effective upon Fubon Life Hong Kong’s approval. The Contingent Insured Person can apply to become the new Insured Person in the event of the death of the Insured Person, and the application shall be effective upon Fubon Life Hong Kong’s approval pursuant to applicable laws and regulations and Fubon Life Hong Kong’s prevailing rules and underwriting requirements in effect from time to time. Please refer to the Policy Provisions for details.
9	Provided that (i) there is no Indebtedness under the Policy; (ii) no other Policy changes resulting in a reduction in the Nominated Amount will take effect on the same Policy Anniversary as the Policy split; and (iii) subject to the minimum Nominated Amount requirement, an application may be made to split the Policy. The Policy split shall take effect on the next Policy Anniversary. Based on the specified Split Percentage(s), part of the Nominated Amount of the Original Policy will be transferred to the Split Policy(ies). The Premium, Guaranteed Cash Value and Special Dividend (if any) under the Split Policy(ies) will be calculated based on the Nominated Amount of the Split Policy(ies). Upon approval of the Policy split, the Policy Date, Maturity Date, Policy Year, Policyowner, Insured Person, Beneficiary(ies), Successor Owner(s) (if any) and Contingent Insured Person(s) (if any) of the Split Policy(ies) will be the same as those of the Original Policy. If the Special Dividend Cash Out Option has been exercised under the Original Policy, the aggregate cash-out percentage prior to the Policy split will be recorded to each Split Policy. The maximum aggregate cash-out percentage under the Original Policy and Split Policy(ies) will be calculated separately after the Policy split. All benefits, terms and conditions of the Original Policy will apply to the Split Policy(ies), except that Split Policy(ies) have no Cooling-off Period. Once the Policy Split Option is exercised, it cannot be reversed. Please refer to the Policy Provisions for details.
10	The Nominated Amount will be reduced with respect to (a) an Original Policy after a Policy split; or (b) a Policy after the Flexi Continuation Option is exercised, subject to the minimum Nominated Amount requirement. The Nominated Amount will also be reduced with respect to a Policy after a withdrawal is made through partial surrender. The minimum Nominated Amount requirement applies to withdrawals made before the 10th Policy Anniversary only. The Policy will be terminated when the Nominated Amount is reduced to zero. Fubon Life Hong Kong reserves the right to change the rules and requirements regarding the minimum Nominated Amount for withdrawal from time to time. With a reduction in the Nominated Amount, the Guaranteed Cash Value and Special Dividend (if any) will be reduced in proportion and the Surrender Benefit, Maturity Benefit and Death Benefit will also be reduced accordingly.
11	If the Special Dividend Cash Out Option has been exercised before the Flexi Continuation Option becomes effective, the aggregate cash-out percentage will remain the same under the Policy.
12	Indebtedness means all outstanding loans owed to Fubon Life Hong Kong in respect of the Policy including the Automatic Policy Loan, Policy Loan, accrued interest on these loans, unpaid premium and any other amounts owed to Fubon Life Hong Kong.
13	An amount equivalent to the 2nd Policy Year’s annual premium shall be deducted from the Premium Prepayment Balance on the relevant premium due date. Prepayment cannot be refunded or withdrawn except in the event of the Death Benefit payment, Policy surrender or reduction in the Nominated Amount.
14	Upon the Policyowner’s request while the Policy is in force, the Beneficiary(ies) are allowed to apply for a change of the Death Benefit Settlement Option and / or a revocation of Start Date (if any) for the Death Benefit payment belonging to those Beneficiary(ies) after the death of the Insured Person. Please refer to the Policy Provisions for details.
15	For the settlement amount to be paid at regular intervals upon (i) the death of the Insured Person; (ii) Policy surrender; or (iii) Policy maturity, the amount payable to each Beneficiary or to Policyowner must be equal to or more than HKD400,000 / USD50,000. Please refer to the Policy Provisions for details.
16	Should the Policyowner surrender the Policy or reduce the Nominated Amount of the Policy during the Premium Payment Term, a Surrender Charge of 5% of the Premium Prepayment Balance will be charged by Fubon Life Hong Kong.
17	Any Indebtedness will be deducted from the one-off withdrawal amount.
18	A regular withdrawal request can only be made if there is no Indebtedness under the Policy and subject to the prevailing minimum withdrawal amount requirement. During the regular withdrawal period, any reduction in the Nominated Amount (other than the regular withdrawal schedule), Policy Loan, Policy split or change of Policy Currency are not allowed under the Policy.
19	With respect to the regular withdrawal, the withdrawal amount and the length of the withdrawal period illustrated at the time of application are only estimates based on the current assumed dividend scale, which is neither indicative of future performance nor guaranteed. The actual Special Dividend payable may be lower or higher than that illustrated. In the event that the dividend scale is reduced, (i) the actual total withdrawal amount and the length of the withdrawal period may be less than and/or shorter than your target; and (ii) after each annual withdrawal, the Surrender Benefit, Maturity Benefit and Death Benefit may be less than the amounts illustrated at the time of application. In the worst-case scenario, the benefits you receive may be considerably less than the amount of total premiums paid, resulting in financial loss.
20	The Premium Holiday must be approved by Fubon Life Hong Kong and becomes effective only if the Policy has no Indebtedness as at the effective date of the Premium Holiday. During the Premium Holiday Period, any Policy changes that would result in a change in the Nominated Amount or Surrender Value, including but not limited to Policy Loan or a reduction in the Nominated Amount, are not allowed under the Policy. Please refer to the Policy Provisions for details.
21	When premium payment resumes, the Guaranteed Cash Value will resume accumulating from the amount reached before the start of the Premium Holiday; and the Policy Anniversary in which the Special Dividend (if any) is entitled and the Special Dividend Cash Out Option can be exercised will be deferred according to the Premium Holiday Period.
22	Fubon Life Hong Kong has set a limit to the total premiums of insurance policies in respect of the same type of insurance product (as determined and revised by Fubon Life Hong Kong from time to time) for each Insured Person. No health declaration of the Insured Person is required as long as the purchase of the Policy does not exceed such limit. Fubon Life Hong Kong reserves the right to accept or reject any applications for the Plan based on the information provided by the Insured Person during application.

 

 

 

Terms and Conditions

Important Notes Important Notes Nominated Amount and its Adjustment The Nominated Amount serves as an amount for the calculation of premiums and other Policy values for the Plan. It is not equivalent to the amount of the Death Benefit payable in case of the death of the Insured Person within the Benefit Period. Reduction in Nominated Amount on Policy Anniversary is allowed, which shall not be less than the minimum Nominated Amount (Please refer to point 10 of the remark for more details). Upon reduction in Nominated Amount, the Guaranteed Cash Value, Special Dividend (if any), Premium Prepayment Balance (if any) and premium shall be reduced in proportion. The Surrender Benefit, Maturity Benefit and Death Benefit shall also be reduced accordingly. However, you cannot reduce the Nominated Amount and exercise the Policy Split Option on the same Policy Anniversary.   Cooling-off Period (Not applicable to Converted Policy or Split Policy(ies)) If you are not completely satisfied with the Policy, you may return the Policy (if applicable) with your signed written request to Fubon Life Hong Kong for its cancellation. The Policy will be cancelled and the premium paid will be refunded, provided that the written cancellation request must be received directly by Fubon Life Hong Kong within 21 calendar days immediately following either the day of delivery of the Policy or the Cooling-off Notice to you or your nominated representative, whichever is earlier. The Cooling-off Notice is the notice sent to you or your nominated representative (separate from the Policy) notifying you of your right to cancel within the stated 21 calendar day period. The business address of Fubon Life Hong Kong’s Customer Services Department is Suites 701 - 705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong. No premium or prepaid premium (if any) shall be refunded if claim payment is made under this Policy. After the expiration of the cooling-off period, if you cancel the Policy before maturity, the projected total cash value may be less than the amount of the total premiums you have paid.   Levy on Insurance Premium Effective from 1 January 2018, all Policyowners are required to pay a levy on each premium payment made for both new and in-force Policies to the Insurance Authority (“IA”). Pursuant to the current policy of Fubon Life Hong Kong, the levy will be borne and settled by Fubon Life Hong Kong to the IA and Fubon Life Hong Kong reserves the right to change such policy. For levy details, please visit Fubon Life Hong Kong’s website at www.fubonlife.com.hk/products_philosophy_en.html or IA’s website at www.ia.org.hk.   Dividend Philosophy Dividend Philosophy For participating Policy, your Policy can earn the investment return of the segregated asset portfolio of the group of business determined by Fubon Life Hong Kong in the form of Special Dividend. The Special Dividend is non-guaranteed benefit. Fubon Life Hong Kong aims to ensure fair treatment between different groups of Policyowners. Fubon Life Hong Kong will review the Special Dividend at least once a year, based on actual experience and investment outlook. Fubon Life Hong Kong will smooth out the volatility of the actual investment return to ensure a stable dividend payment. If there is any change to the dividend scale, you will be informed in writing by Fubon Life Hong Kong or by the Policy annual statement with explicit reasons for the change. To determine the Special Dividend payment, Fubon Life Hong Kong will consider the actual experience and the outlook of the following factors: Investment performance factors: This includes the interest earning of the asset portfolio and market value changes of the asset portfolio, reflecting different market factors such as equity price, asset liquidity, credit spread, default risk and exchange rate. Persistency factors: This includes full surrender and partial surrender and the corresponding impact on investments, etc. Claim factors: This includes the cost of providing Death Benefit and other insured benefits.   Investment Policy, Investment Objectives and Investment Strategy Investment Policy, Investment Objectives and Investment Strategy The Investment Policy aims to actively monitor and manage investment risk and Policy liability and to identify asset with suitable characteristics, tenor and liquidity to meet the cash flow need of the insurance business. The Investment Objectives are to support the guaranteed benefit of the Policies and also to meet the non-guaranteed benefit as illustrated in the Benefit Illustration document to the Policyowners. The Investment Strategy is to diversify investment risks, to improve capital utilization efficiency, to enhance overall investment returns, and to safeguard the long-term interests of Shareholders and Policyowners. Should there be any significant changes in the Investment Strategy, Fubon Life Hong Kong would inform Policyowners of the changes, with underlying reasons and impact to the Policies. The long-term target asset mix of this product is: Asset Type Target Asset Mix (%) Bonds and other fixed income assets 20 – 80% Non-fixed income assets 20 – 80% To diversify the risk, Fubon Life Hong Kong may invest in securities of different regions, industries, credit ratings, and liquidities. This includes government bonds, corporate bonds and other fixed income assets in US, European, emerging markets, and so on. Fubon Life Hong Kong may also invest in non-fixed income assets including equities, private fund, public fund, mutual fund, index fund, etc. Depending on economy outlook, investment environment, as well as changes in the credit risk, Fubon Life Hong Kong will regularly review and adjust the asset allocation. Under our currency strategy, for bonds and other fixed income assets, the approach is to endeavor to match the currency of asset to the currency of underlying policies (USD assets to USD/HKD policies, other currency assets to that currency policies). Subject to market availability and opportunity, bonds and other fixed income assets may be invested in a currency other than the currency of the underlying policy and currency hedging may be used to minimize currency risk. For non-fixed income assets, the approach is to invest in USD assets predominantly, according to the Investment Policy, Investment Objectives and Investment Strategy. For details of “Dividend Philosophy”, “Accumulation Interest Rate Philosophy”, “Investment Policy, Investment Objectives and Investment Strategy” and “Measure to Manage Potential Conflict”, please refer to Fubon Life Hong Kong’s company website at www.fubonlife.com.hk/products_philosophy_en.html. For details of “Fulfilment Ratios of Dividends and Interests”, please refer to Fubon Life Hong Kong’s company website at www.fubonlife.com.hk/fulfillment-ratios_crediting-interest_en.html. The historical figure is not an indicator of future performance of Fubon Life Hong Kong’s products.   Key Product Risks Key Product Risks Nature of the Product and Liquidity Risk The Plan is of long-term nature and is not of any bank savings nature. You are advised to carefully consider your financial capability, cash flow and liquidity needs before making any purchase decision. The Plan may not be suitable for you and you should not purchase the Plan if you are in need of short-term liquidity.   Policy Currency Risk Policy currency is denominated in the currency as set out in the Policy Schedule. Should the premiums and benefits requested to be paid in the currency other than the Policy currency, approval of such request would be subject to Fubon Life Hong Kong’s absolute discretion and Fubon Life Hong Kong reserves the right to adopt an exchange rate as determined by Fubon Life Hong Kong’s absolute discretion. Please refer to “Foreign Exchange Risk” section below for more details.   Risk from Currency Change Option When you exercise the Currency Change Option to change the current Policy currency to a different currency available for selection, your existing Policy will be converted to the latest plan under the Prosperity Booster Multi-Currency series in the New Policy Currency. The amount of Guaranteed Cash Value and non-guaranteed Special Dividend after currency change will be adjusted (may be higher or lower) and the adjustment may be significant. The approval of the application and the availability of currency at the time of conversion will be subject to the applicable laws and regulations as well as the prevailing administrative rules of Fubon Life Hong Kong. Furthermore, there may be significant differences between Prosperity Booster Multi-Currency and the New Plan. The New Plan may have different benefits, Plan features, Policy terms and investment strategy. The Currency Change Option may not be available in the New Plan after exercising the Currency Change Option, which means you may not be able to further change the Policy currency of the Converted Policy and in a worst-case scenario, it may only be a one-time option depending on the New Plan’s features.   Risk from Deferred Payment of Death Benefit You should consider the inflation risk when specifying a Start Date for the Death Benefit payment. If the Insured Person passes away and the death claim is approved before the Start Date, the commencement of Death Benefit payment will be deferred until the Start Date. The longer the deferral period, the higher the inflation risk. It is because, due to inflation, the future costs of living may be higher than those of today. The Death Benefit provided under the Policy may not be sufficient to meet the future needs of Beneficiary(ies).   Risk on Delaying or Missing Premium Payment The premium will be paid to Fubon Life Hong Kong and part of the premiums will become part of the assets of Fubon Life Hong Kong while part of it will be paid for the insurance and related costs. The Policyowner does not have any direct rights nor ownership over any of these assets. The Policyowner’s rights are subject to terms and conditions of the Policy Provisions and his/her recourse is against Fubon Life Hong Kong only. You should pay the initial premium on or before the Policy date and subsequent premium(s) on time according to the selected premium mode. Besides, if you fail to make subsequent premium payment before the expiry of the Grace Period (within 31 or 90 days after the premium due date, as the case may be), the Premium Holiday has not taken effect and, if applicable, the outstanding premium is not paid by the Automatic Policy Loan, the Policy will be terminated on the premium due date that triggers the Grace Period and you will lose the coverage afterward. The Surrender Benefit will be refunded to you. You may refer to the related Benefit Illustration document for details.   Surrender Risk The Plan has a savings component and is subject to risks and possible loss. Should you surrender the Policy or partially surrender the Policy by reducing the Nominated Amount of the Policy before maturity, you may receive an amount considerably less than the amount of total premiums paid. You should be more cautious in choosing the regular withdrawal because it comprises repeated partial surrenders of the Policy. Each partial surrender is subject to surrender risk. Also, the withdrawal amount and the length of withdrawal period illustrated upon application are only estimates based on the current assumed dividend scale, which is neither indicative of future performance nor guaranteed. The actual total withdrawal amount and the length of the withdrawal period may be less than and/or shorter than your target. Furthermore, partial surrender of Policy is not allowed if the reduction in the Nominated Amount will cause the total Indebtedness under the Policy to exceed 80% of the Guaranteed Cash Value.   Termination Condition Unless otherwise specified, all benefits under the Policy shall terminate on the earliest of the following events: Death of the Insured Person provided that the Contingent Insured Person does not take effect; At Policy maturity; Indebtedness under the Policy is greater than or equal to the Guaranteed Cash Value; Surrender or cancellation of the Policy; If Fubon Life Hong Kong is unable to collect any subsequent premiums which are due by the expiry of Grace Period, the Premium Holiday has not taken effect and, if applicable, the outstanding premium is not paid by the Automatic Policy Loan; When the Nominated Amount is reduced to zero; or The Currency Change Option takes effect.   Suicide If the Insured Person commits suicide whilst sane or insane within the first 13 months from the Issue Date, the last Reinstatement Date (if applicable) or the effective date of the last change of Insured Person (whichever is the latest), Fubon Life Hong Kong shall only refund to the Policyowner or the estate of the Policyowner the higher of (i) the amount of the premium paid and the prepaid premium (applicable to Policies under the Annual with Prepayment mode) without interest less any benefits paid and Indebtedness; or (ii) the Surrender Benefit as at the date of death resulting from suicide of the Insured Person.   Policy Loan The Plan offers Policy Loan unless the Premium Holiday is in effect. It may trigger the start of Automatic Policy Loan, if there is outstanding premium. The loan shall bear interest computed at such rate as may be adopted by Fubon Life Hong Kong from time to time. No Policy Loan shall be granted if the loan will cause the total Indebtedness under the Policy to exceed 80% of the Guaranteed Cash Value. Please refer to the Policy Provisions for details.   Non-guaranteed Benefit The Special Dividend and the accumulation interest rate of (a) the Death Benefit amount for the period between the date the death claim is approved and the Start Date; and (b) the remaining balance of the settlement amount at (i) the death of the Insured Person; (ii) Policy surrender; or (iii) Policy maturity under the regular payment option are not guaranteed. All non-guaranteed benefits are determined by Fubon Life Hong Kong and subject to revision from time to time.   Foreign Exchange Risk Any transactions involving foreign currencies are subject to risks, the ever changing political and economic conditions may substantially affect the premium amount paid in Hong Kong dollars due to the currency exchange rate or liquidity of currencies. The premiums received by Fubon Life Hong Kong in a currency different from your Policy currency will be converted to the Policy currency at the prevailing exchange rate determined by Fubon Life Hong Kong from time to time with reference to market rates. All monies payable to Fubon Life Hong Kong or by Fubon Life Hong Kong will be paid in Policy currency, or in the currency other than the Policy currency upon your request. Approval of such request would be subject to Fubon Life Hong Kong’s absolute discretion and Fubon Life Hong Kong reserves the right to adopt the prevailing exchange rate as determined by Fubon Life Hong Kong’s absolute discretion. Therefore, it may be subject to foreign exchange risks in the process of currency conversion.   Inflation Risk The benefits provided under your Policy may not be sufficient to meet your future needs as the future costs of living may be higher than that of today due to inflation.   Credit Risk Fubon Life Hong Kong is the underwriter of the Plan. The Policy is subject to Fubon Life Hong Kong’s credit risk. If Fubon Life Hong Kong is unable to satisfy the financial obligations of the Policy, in the worst-case scenario, you may lose substantial part of, and even all, premiums paid and benefits provided under the Policy.   Other Information Other Information The Plan is a life insurance product, but not a bank savings plan embedded with a life insurance. The premium is not a placement of a savings deposit with the bank and hence is not protected by the Deposit Protection Scheme in Hong Kong. Fubon Life Hong Kong is solely responsible for all content, approvals, coverage and benefit payment of the Plan. Fubon Life Hong Kong reserves the right to accept or reject any insurance application. Fubon Life Hong Kong is fully responsible for all the above information. The above information does not contain the full terms of the Policy and is intended for reference only. The full Policy terms and conditions are set out in the Policy Provisions of the Plan. For more information on the Policy terms and conditions, please contact staff of Fubon Bank (Hong Kong) Limited (“Fubon Bank”). The above information shall not be construed as an offer to sell or solicitation to buy or provision of any insurance of Fubon Life Hong Kong outside Hong Kong. Levy collected by the Insurance Authority will be imposed on the policy at the applicable rate, which would be borne by Fubon Life Hong Kong on behalf of policyowners and remitted in accordance with the prescribed arrangements. Fubon Life Hong Kong will review the payment arrangement of levy on insurance premium regularly and reserves the right to revise the arrangement. For further information, please visit Fubon Life’s company website www.fubonlife.com.hk/products_philosophy_en.html or contact Fubon Life Customer Service Hotline at (852) 2516 0133. Fubon Life Hong Kong is a private company limited by shares incorporated and registered in Hong Kong and its registered office is situated at Suites 701-705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong.   Important Notes for Fubon Bank (Hong Kong) Limited as an Appointed Licensed Insurance Agency Important Notes for Fubon Bank (Hong Kong) Limited as an Appointed Licensed Insurance Agency Fubon Bank is the appointed licensed insurance agency for Fubon Life Hong Kong, and is responsible for introduction of the insurance plans. The Plan is not the product of Fubon Bank. Fubon Bank is not responsible for any Policy terms or obligations of the Plan. In case you file a written complaint regarding the selling process or processing of the related transaction to Fubon Bank and the complaint is an “Eligible Dispute(s)” as defined in the Terms of Reference for the Financial Dispute Resolution Centre, Fubon Bank is required to enter into a Financial Dispute Resolution Scheme process with you if the Eligible Dispute cannot be resolved after Fubon Bank has issued the final written reply. If the complaint / dispute is related to the Policy term of the insurance product, it should be resolved directly between Fubon Life Hong Kong and you. Nevertheless, where practicable and appropriate, Fubon Bank will provide reasonable assistance to customers in the dispute resolution process.